Climate Tech VC firm Satgana leads the pre-seed round into German-based Methane Intelligence startup
September 19, 2022
Orbio Earth just raised 600k in their pre-seed round to build a solution to monitor global oil & gas methane emissions at an asset level. The round was led by climate tech VC Satgana. Orbio Earth aims to make methane emissions transparent and actionable on a global scale.
Launched by Co-founders, Robert Huppertz and Jack Angela, Orbio Earth offers data that enables better decision-making. Their goal is to help oil, gas, and other methane-emitting industries like waste and agriculture, reduce their methane emissions. As much as 10 million metric tons by 2030!
Methane is a greenhouse gas emitted from a variety of human activities and natural sources. Its presence in the atmosphere could massively affect the earth’s temperature and climate. Over a 20-year period, methane is 80 times more potent at warming the earth than CO2.
With methane emissions accounting for 30% of current global warming, more than 100 countries worldwide committed to a significant reduction of methane emissions by 2030, establishing methane reductions as a “low-hanging fruit” in climate change mitigation.
While emission reduction technologies are well established – especially for the oil & gas industry -, one key bottleneck to methane reductions is the small amount of reliable emissions data that is available on the global scales of methane-emitting assets. And this is where the solution brought by Orbio Earth could be crucial.
According to Co-founder Robert Huppertz, there is no silver bullet in the fight against climate change. However, Orbio Earth’s satellite-based methane monitoring “can move the needle on climate action while solving real-world customer problems”.
Orbio Earth is the second portfolio startup for Satgana. The European VC focuses its attention on investing in the next generation of climate-positive startups. Their interest is high-potential technology solutions for our planet to keep the goal of 1.5˚C of global warming within reach.
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This article was originally published on IMPAKTER. Read the original article.
